Last checked at 15 Apr 2016 07:00
Subject: Subsidiary Foxconn (Far East) Limited acquires through public tender offer TELEEYE HOLDINGS LIMITED shares.
Date of events:2016/04/14
Contents:
1.Type of merger/acquisition (e.g.merger, consolidation, spin-off,
acquisition, or receiving assignment of shares):acquisition
2.Date of occurrence of the event:2016/04/14
3.Names of companies participating in the merger (e.g.name of the other
company participating in the merger or consolidation, newly established
company in a spin-off, acquired company, or company whose shares are
taken assignment of):TELEEYE HOLDINGS LIMITED
4.Purpose/objective of the merger/acquisition: Develop new business
5.Anticipated benefits of the merger/acquisition:
The Group aims to strategically diversify into new products and services as
engines for growth.
6.Scheduled timetable for consummation:2016/5/26
7.Basic information of companies participating in the merger:
TeleEye Group is primarily focused on the development, sales and marketing
of full range of hi-tech CCTV, DVR and digital surveillance equipment.
Website: http://www.teleeye.com/Eng/c_home.html
8.Do the directors have any objection to the present transaction?:
According to Hong Kong's regulation, once receiving the approval from
Securities and Futures Commission of Hong Kong, the company may
initiate the public tender offer.